FOR IMMEDIATE RELEASE October 18, 2019
Office of Communications (202) 565-3204
Washington, D.C. – Today at EXIM headquarters Kimberly A. Reed, president and chairman of the Export-Import Bank of the United States (EXIM), met with Dr. Benedict Oramah, president and chairman of the African Export-Import Bank (Afreximbank), a pan-African multilateral trade finance institution. The bilateral meeting was held in conjunction with the 2019 annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG).
Chairman Reed and President Oramah discussed how to strengthen collaboration between the two institutions to increase trade between the United States and Africa. The two agency heads also explored the potential for creating a credit-limits guidance line at EXIM to facilitate the agency’s support for U.S. exports in trade and infrastructure transactions involving Afreximbank. EXIM is committed to fostering cooperation and economic growth with the African continent and with financial institutions, including Afreximbank, through its charter and the Trump Administration’s Prosper Africa initiative.
EXIM President and Chairman Kimberly A. Reed today met with Afreximbank President and Chairman Benedict Oramah. Also shown are EXIM Board Member Judith D. Pryor (on left) and Daniel Runde, chairman of EXIM’s Sub-Saharan Africa Advisory Committee (on right).
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to overseas purchasers of U.S. goods and services. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, 90 percent of the total number of the agency’s authorizations has directly supported small businesses.
For more information about EXIM, please visit www.exim.gov.